In response to:

Maybe It’s the Lawsuits that Stop Banks from Making Loans

Whoknows Wrote: May 10, 2013 8:00 AM
It is so easy for these morons to spend your money and to do it so stupidly just makes the case for not re-electing the ones who do it.
Unrealistic Wrote: May 10, 2013 10:03 AM
Fair enough but actually it makes the case for large scale non-participation. Extort the extorters.
Vic156 Wrote: May 10, 2013 11:38 AM
Non participation is like trying to stand still to avoid being lunch for lions.

When New York Attorney General Eric Schneiderman announced this week that he’s going after top banks Bank of America and Wells Fargo for violations of the national mortgage settlement agreement, he had a point.

Unfortunately that point resides mostly at the top of his head. Schneiderman, like many New York Attorneys General, is playing politics for the bleachers even though he’s hurting their case.   

“The settlement included 304 ‘servicing standards,’ or rules over how to conduct fair and timely service to homeowners applying for some sort of relief,” reported the Wall Street Journal. “Mr. Schneiderman said...